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not extend or lrostpone the due date of the moot-ldv instaihnents ~e~eferred to in l.ulrsgraphs 1 and 2 hereof or
<br />change the amount of such installments.
<br />IQ. Borrower NotReteased. Extensivrr of the tinge for I)avmeat or modification of srnortization o£ the sums
<br />secured by this lortgage granted by Lender to any successor in interest of Borrower shall not operate to release,
<br />in any manner, the liability of the original Borrower and Borrower's successors in interest. I-ender shall not be
<br />required to commence proceedings against such successor or refuse to extend time for payment or otherwise modifv
<br />amortization of the sums secured by this ~(ortgagc by reason of any demand made by the original Aorrower and
<br />Borrower's successors in interest.
<br />il. Forbearance by Leader Not a 4Yaiver. 9m' forbearance by Lender in exercising any right or remedy
<br />hereunder, or otherwise afforded by applicable lnt+, shall not be a u•ai:er of or preclude the exercise of any right
<br />or ren7edy hereunder. The procurement of insurance or the I)ayrnent of taxes or other liens ar charges by Lender
<br />shalt not be s +esiver of Lender's right to accelerate the maturity of the indebtedness secured by this Mortgage.
<br />12. Remedies Cumulative. Ali remedies provided in this \lortgage arc distinct and cumulative to any other
<br />~ ^ight or remedy wider this :Iortgage or afforded by law ur equity. ami relay be exercised concurrently, independ-
<br />`~i3 entry or successively.
<br />~:~3 13. Successors and Assigns Bound; Joint and Several Liability; Captions. The covenants and agreements
<br />!;ll herein contained shalt i,;nd, _:,d rile ~; 7.r~ ;tereurtlcr stall inure tu, the resi)ective successors and a~ig".,s of Lender
<br />„] and Harrower, EnbJeCt CO Che pr0+'7srOn fl) paragl:tlll7 I i ltttc()t. AI[ cOt'C7lallt~ and agrCClllrnt& 02 I3orroR•rr shall
<br />:;;~ • be joint and several. The captions and heading; ni the h:u•agraphs of this Mortgage arc for eoncenience only and
<br />' are not to be used to interpret. or define the provisions hereof. •
<br />~ 14. Notice. Any notic~• to Bm•roR•(•r provided for in this Mortgage shall be Riven by mailing ouch nvtice by
<br />certified mail addressed to Borrower ;u the Yropert} .lddress sultl•,l helow~. except for uuy notice required under
<br />paragraph 18 hereof to be given to Borrower in the manrlrr ures••rihed by applicable law. Any nvtice provided
<br />for in this Mortgage sirali be deemed to h;nc 6ecu given to Burrower when given in the manner desig7utted herein.
<br />15. Uniform Mortgage; Gaveming Law; SeverabiGty. •['his form of mortgage combines uniforru covenants
<br />for national use and non-uniform evvrnunts with limiu•~i ~-ariations by iarisdiction to constitute a uniform secu-
<br />rity instrument covering real property. Phis Mortgage shall he governed be the law of the jurisdiction in R•hich
<br />the Property is located. In the event that any provision m• rlnuse of this Mortgage or the Vote conRicts with
<br />applicable law, such conflict. shall not affect other provision of this \lortgagc or the Mote R•hieh can be given
<br />effect without the conflicting provision, and to this end the provisions of the ~tortgagc and the \ote are declared
<br />to be severable.
<br />l6. Borrower's Copy. Borrower shall he furnished a conformed copy of this \lortgage at the time of execu-
<br />tion or after recordation hereof.
<br />17. Transfer of the Property; Assumption. Ii all or any part of the Property or au interest therein is sold
<br />or transferred by Borrower without Lender's prior +vritten consent, excluding (a) the creatiorr of a lien or encum-
<br />brance subordinate tv this \langage, tbl the creation of a pun•hase ruvney security interest for household appli-
<br />ances, (c) a transfer by devise, descent or 6y operation of lain upon the death of a joint tenant or (d) t}le grant of
<br />any leasehold interest of three years or less not containing au option iv purchase, Lender may, at Lender's option,
<br />declare ail the sums secured by this Mortgage to be iuuuedixu•h• due and payable. Lender shall have waived such
<br />option to accelerate if, prior to the sale or transfer, Lender uufi the person to whom the Property is to be sold or
<br />transferred reach agreement. in writing that the credit of such person is satisfactvrr to Itnder and thai the interc€t
<br />payable orz the sums secured by this \lortgage shall br at such rate as Lander shall request. Ii Lender has waived
<br />the option to accelerate provided in this paragraph 17 and if Borrower's successor in interest has (xecuted s writ-
<br />ten assumption agreement accepted In :+riting by Lender, Lender shall release Burrower trout all ohligativns under
<br />this ltilortgage and the Note.
<br />If Lender exercises such option to accelerate, Lender sh7t11 urail Borrower notice of acceleration in accordance
<br />tvitit paragraph 19 Itereuf. 5ue11 notice shall pro+•ide 71 period of nut lees tlrxn 3t1 flays from the dyke the notice is
<br />mailed within which Bvrruw•(•r may l.ay the sums, declared due. li Borrower foih to l)ety .uch sums prior to the
<br />e~tpiration of nosh l~riod, Ler=.drr 7uay, 1+itl7uat further ratica• ur demand o77 Rr_rrf~wer, iuvaicc env r€tt7ediea pcr-
<br />mitted by patagrapft 18 taerevi.
<br />!r_.~-I'~rtrottsL !'t..z..,,,vr=:• Yr,rt':,u°..1° 7tr7d t~,t7f{r„~ 1'ttttt:,~r r(;~'e;tt,ttt txs:.i tt~;r,=( tt- Y`tt11,,R
<br />1~. Acceleraron, Reme~es. ;?:SCef)t as }ut)vi,ir,i iu par:;gra[,!. I i )u•reai, upu7t llorrOwer', hr+•:ach of 7ini'
<br />eovenam or agrrenleut of Borrower in this Mortgage, inc(t7+hrg air covruuuts to pa}• when due r(ny sours .eeurr(i
<br />by this Mortgage, Lender prior to acceleration shall moil nutrrc to Hurrutlcr an pruvrdcd n7 paretgrsplr 19 hereof
<br />specifying: (I'1 the breach; i2r the action rr,;uirc(I t.. cn„• au•h bn~•u•h. ~:3~ a dsrrc. our !(•.. th;u, rhHY+• davs
<br />trove the date idle notice is nuliled to Borral+cr, by lv6u•h .uci: hrcaci must he curc(i: sod tdt that failure to curf~
<br />such trreaeh on or before the date npe,vtied m the ounce utay result in acerler:u ion of the ,urns secured b+• this
<br />I`+lartgage and sale of the Prol~rty. !f the breach is nut ew•ed on or 1)civre the date npeciti(:d iu the nvtice, !,ender
<br />at l.rnder's option Wray declare all of the Boor. secured h~ the., \lortgagc to 6e inuncdiatch• due and p7tyable
<br />without furtherdeuutnd and may foreclose this Aortgage by ,nuiicial lu•of•eeding. Lender shall he cutitle•d tv collect
<br />iu such proceeding u!1 r+xpcuses of turf~clf>n-ore. rncRrr!ing. but ant ~inut(v{ u,, ;•uas of flarwucutary r'viftence,
<br />ahetraete and title reports.
<br />lfl. 8grrovirar'a Bight to Rair>gtab. Acx++itlr+uuulwt; Leuder',u acceleration of the -u7n+ +eeurcd t)y this
<br />Itifortgage, Harrower shalt have the right tv have= any proceeding. begun by l.endec eu cufaree tins Mortgage dis-
<br />centinued at any time prier to entry of a IudKUteut cnftgring tins Mortgage if; tai Hurrow~cr pays l.rndrr s1}
<br />coma which would he then due under this \lortgage, the Rote snd notes securing Future Advsutces, if any, had no
<br />aoaeleration occurred; (b} Harrower cures all breuehes of 7uty other cuvcnnnts. yr agrccnu•at.4 of 13orruwcr cvn-
<br />taln~ in 6his A•lortgage; (a) Borrower pays Ellt re7tsonsthlo (:cpenacn iucurr(°d by !.ender iu enfurei77g the eoveuantx
<br />and agreements oI 13ormwer contained in this ,llartga~~,e and m (-nf(n-citt~; Londcr`s rowedi(~s as provided ur para-
<br />graph 1$ hereof, including, but nut limited tv rcaeon7rhh• atturncy's fec.~; and td1 llor7•rxvcr tskr•s ouch action Its
<br />Lender may reasonably require to assure that the hen of this Atartgxg(•, -.on;jcr'.. interest in tl7c Prolxrty and
<br />Borrowor's obligation to pay the Burns secured by this ~lortguge shuli cuntirxu• unimpaired. [.'port such paynreut
<br />aeul cute try 13ortrower, thzs dlartgage and the obligativ(,s second hcrehy~ shall remain it7 full force and cRf•c•t as if
<br />no acceleration had oecurrett.
<br />Rte. Ra~igaanent at Reasta; Aplwiatmeat o! Receswr: Leader is Possesaian. :1s addrtmnal s(a•urity here-
<br />under, $orrower hereby assigns to Lender tTe rents of the Prnperrv. pro+•idcd that Bvrrow•er shall, prior fo acccier-
<br />ation under paragraph 18 6rreof or abandunntent of rite Property, have the right to collect and mtain such rt:nts
<br />as they became due and Iwyable.
<br />EJpon acceleration under paragraph IS hereof or ahandonmrnt of lire Prf71>Yrtc. Lender, in petsvn, by agent
<br />or by auClioially appointed receiver shall kw rntithfi ko enter ulson, take possession of 77nf1 n!anxke the 1'rop(~rt-y
<br />and to coileet th® rents of the Property, itrchrding those past due. all elects calli,•cted by !.ender or the receiver
<br />shall ho applied Rrst to payment of the casts of msnagrmf~nt of the Prtl{)et•ty at:d cnllectiun ui rent., inc!uding. Ixu
<br />not limited to, receiver's Errs, premiums on rereivrr's bands ;uui rcnsnnah{e attornr+•'s tees. roof then to the sonar
<br />Secured by this Mortgage. !.ender and the receiver shall be li;lhle to nccount only fur thane roots arhwlly mrriccd
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